By now everyone should have received their flyer from John Olver, prepared, published and mailed at taxpayer expense of course. This mailer tells us how great nationalized health care will be. Isn’t that special? Mr. Olver is spending even more of our money to tell us about something that we are being forced to spend our money on even though we don’t want it and really can’t afford it.
Poll after poll consistently showed that the majority of Americans didn’t want this nationalized health care legislation before it was passed, and now the majority of Americans want it repealed. Why do you think that is, Mr. Olver? Could it be the ensuing taxpayer cost and overall economic burden that will inevitably follow?
Your flyer claims it will be “deficit neutral” but that’s not what some very credible, non-partisan sources are saying about the cost of Obamacare.
Last week the CBO updated their analysis and said that an additional $115 billion will have to be spent implementing the new law which increases the overall expense to over $1 trillion. And this does not include related costs like filling the Medicare “donut hole,” fixing Medicare reimbursement to physicians, and creating a new long-term entitlement program which some say could push the price tag to over $2 trillion.
The Office of the Actuary from the government’s own Department of Health and Human Services has also done an analysis since HR 3590 was passed. It says: “We estimate that overall national health expenditures under this bill would increase by an estimated total of $222 billion (0.6 percent) during calendar years 2010-2019.”
There was more bad news from the administration’s own Centers for Medicare and Medicaid Services (CMS) which released its final cost projections for Obamacare, finding that the legislation will increase national health care spending by $311 billion over the next decade.
Several corporations have already reported huge write-downs caused solely by the new health care bill. Verizon and AT&T both announced $1 billion write-downs; Deere & Co. announced a $150 million write-down; Caterpillar, $100 million; AK Steel, $31 million; 3M, $90 million; and Valero Energy, nearly $20 million.
Mr. Olver, the majority of Americans have realized that when it comes to spending our money, some belt-tightening is in order. Since you are also spending our money maybe its time for you to try doing the same.
Letter to the Sentinel/Enterprise by Mike Holland